BeMatrix: what changed
Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
What changed
BeMatrix
NACE 25.110, Manufacture of metal structures and parts of structures
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€1.9m
2024 · €6.0m-€4.1m
Equity
€19.1m
2024 · €17.1m+€1.9m
Cash
€665,973
2024 · €9.1m-€8.4m
Balance sheet total
€30.6m
2024 · €31.3m-€680,768
Largest movements
Assets
- Cash -€8.4m
down €8.4m (-92.7%), from €9.1m to €665,973
mainly Investment in fixed assets (net) (-€4.6m) and Stocks and contracts (-€4.1m)
- Stocks and contracts +€4.1m
up €4.1m (+70.2%), from €5.9m to €10.0m
- Tangible fixed assets +€2.8m
up €2.8m (+28.5%), from €9.7m to €12.5m
of which Land and buildings: +€4.0m
- Intangible fixed assets +€468,283
up €468,283 (+81.2%), from €576,440 to €1.0m
- Deferred charges and accrued income +€440,513
up €440,513 (+394.6%), from €111,634 to €552,147
Equity and liabilities
- Debts after one year -€3.3m
down €3.3m (-91.3%), from €3.6m to €317,551
- Short-term financial debts +€2.9m
new in 2025: €2.9m
- Advances received -€2.0m
down €2.0m (-71.0%), from €2.8m to €806,187
- Profit (loss) carried forward +€1.9m
up €1.9m (+11.9%), from €16.4m to €18.3m
- Current portion of long-term debt -€489,909
down €489,909 (-85.8%), from €570,663 to €80,754
Income statement
- Goods and materials +€1.9m
up €1.9m (+12.6%), from €15.2m to €17.1m
of which Purchases: +€4.7m
- Services and other goods +€1.9m
up €1.9m (+16.7%), from €11.1m to €12.9m
- Staff costs +€1.8m
up €1.8m (+29.6%), from €6.0m to €7.8m
- Turnover +€1.1m
up €1.1m (+2.7%), from €40.1m to €41.2m
- Taxes -€918,840
down €918,840 (-99.7%), from €921,549 to €2,708
of which Taxes: -€919,693
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Result 2024
€6.0m
Turnover
+€1.1m
Other operating income
+€477,305
Goods and materials
-€1.9m
Services and other goods
-€1.9m
Staff costs
-€1.8m
Depreciation
-€73,751
Write-downs
-€84,435
Provisions
+€340,000
Other operating charges
-€5,643
Other operating items
-€313,532
Financial income
-€335,139
Financial charges
-€517,320
Taxes
+€918,840
Result 2025
€1.9m
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
-€2.9m
Investment
-€4.6m
Financing
-€904,674
Cash 2024
€9.1m
From operations (derived)
-€2.9m
Net result for the year
+€1.9m
Depreciation
+€1.4m
Stocks and contracts
-€4.1m
Receivables within one year
+€44,871
Deferred charges and accrued income
-€440,513
Provisions
-€40,000
Trade debts
+€262,463
Tax, wage and social debts
+€154,543
Advances received
-€2.0m
Accrued charges and deferred income
-€121,585
Investment (derived)
-€4.6m
Investment in fixed assets (net)
-€4.6m
Financing
-€904,674
Debts after one year
-€3.3m
Current portion of long-term debt
-€489,909
Short-term financial debts
+€2.9m
Contributions, distributions and other
-€1,586
Cash 2025
€665,973
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €31,264,450 | €30,583,682 | -€680,768 | -2.2% |
| Fixed assets | 21/28 | €10,320,022 | €13,555,435 | +€3.2m | +31.4% |
| Intangible fixed assets | 21 | €576,440 | €1,044,723 | +€468,283 | +81.2% |
| Tangible fixed assets | 22/27 | €9,734,683 | €12,505,000 | +€2.8m | +28.5% |
| Land and buildings | 22 | €5,545,834 | €9,512,621 | +€4.0m | +71.5% |
| Plant, machinery and equipment | 23 | €737,412 | €895,718 | +€158,306 | +21.5% |
| Furniture and vehicles | 24 | €590,041 | €542,373 | -€47,667 | -8.1% |
| Leasing and similar rights | 25 | €0 | €402,049 | +€402,049 | |
| Assets under construction and advance payments | 27 | €2,861,396 | €1,152,238 | -€1.7m | -59.7% |
| Financial fixed assets | 28 | €8,898 | €5,712 | -€3,186 | -35.8% |
| Other financial fixed assets | 284/8 | €8,898 | €5,712 | -€3,186 | -35.8% |
| Amounts receivable and cash guarantees | 285/8 | €8,898 | €5,712 | -€3,186 | -35.8% |
| Current assets | 29/58 | €20,944,428 | €17,028,247 | -€3.9m | -18.7% |
| Stocks and contracts in progress | 3 | €5,864,939 | €9,982,217 | +€4.1m | +70.2% |
| Stocks | 30/36 | €5,864,939 | €9,982,217 | +€4.1m | +70.2% |
| Raw materials and consumables | 30/31 | €1,272,970 | €1,925,002 | +€652,031 | +51.2% |
| Work in progress | 32 | €458,829 | €834,977 | +€376,149 | +82.0% |
| Finished goods | 33 | €1,193,538 | €1,592,300 | +€398,762 | +33.4% |
| Goods purchased for resale | 34 | €1,931,751 | €4,781,534 | +€2.8m | +147.5% |
| Advance payments | 36 | €1,007,851 | €848,405 | -€159,447 | -15.8% |
| Amounts receivable within one year | 40/41 | €5,872,781 | €5,827,909 | -€44,871 | -0.8% |
| Trade receivables | 40 | €5,108,657 | €4,728,360 | -€380,298 | -7.4% |
| Other amounts receivable | 41 | €764,123 | €1,099,550 | +€335,427 | +43.9% |
| Current investments | 50/53 | €0 | - | = | |
| Other investments | 51/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €9,095,074 | €665,973 | -€8.4m | -92.7% |
| Deferred charges and accrued income | 490/1 | €111,634 | €552,147 | +€440,513 | +394.6% |
| Total equity and liabilities | 10/49 | €31,264,450 | €30,583,682 | -€680,768 | -2.2% |
| Equity | 10/15 | €17,144,283 | €19,087,258 | +€1.9m | +11.3% |
| Contributions | 10/11 | €82,500 | €82,500 | = | 0.0% |
| Capital | 10 | €82,500 | €82,500 | = | 0.0% |
| Issued capital | 100 | €82,500 | €82,500 | = | 0.0% |
| Reserves | 13 | €708,250 | €708,250 | = | 0.0% |
| Non-distributable reserves | 130/1 | €8,250 | €8,250 | = | 0.0% |
| Legal reserve | 130 | €8,250 | €8,250 | = | 0.0% |
| Distributable reserves | 133 | €700,000 | €700,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €16,351,023 | €18,295,584 | +€1.9m | +11.9% |
| Investment grants | 15 | €2,510 | €924 | -€1,586 | -63.2% |
| Provisions and deferred taxes | 16 | €640,000 | €600,000 | -€40,000 | -6.3% |
| Provisions for liabilities and charges | 160/5 | €640,000 | €600,000 | -€40,000 | -6.3% |
| Other liabilities and charges | 164/5 | €640,000 | €600,000 | -€40,000 | -6.3% |
| Amounts payable | 17/49 | €13,480,167 | €10,896,424 | -€2.6m | -19.2% |
| Amounts payable after more than one year | 17 | €3,634,959 | €317,551 | -€3.3m | -91.3% |
| Financial debts | 170/4 | €3,634,959 | €317,551 | -€3.3m | -91.3% |
| Leasing and similar obligations | 172 | €0 | €317,551 | +€317,551 | |
| Credit institutions | 173 | €3,634,959 | €0 | -€3.6m | -100.0% |
| Amounts payable within one year | 42/48 | €9,691,362 | €10,546,612 | +€855,250 | +8.8% |
| Current portion of amounts payable after more than one year | 42 | €570,663 | €80,754 | -€489,909 | -85.8% |
| Financial debts | 43 | - | €2,904,229 | +€2.9m | |
| Credit institutions | 430/8 | - | €2,904,229 | +€2.9m | |
| Trade debts | 44 | €4,599,233 | €4,861,696 | +€262,463 | +5.7% |
| Suppliers | 440/4 | €4,599,233 | €4,861,696 | +€262,463 | +5.7% |
| Advances received on contracts in progress | 46 | €2,782,263 | €806,187 | -€2.0m | -71.0% |
| Taxes, remuneration and social security | 45 | €1,738,453 | €1,892,996 | +€154,543 | +8.9% |
| Taxes | 450/3 | €1,016,845 | €1,062,306 | +€45,461 | +4.5% |
| Remuneration and social security | 454/9 | €721,608 | €830,690 | +€109,082 | +15.1% |
| Other amounts payable | 47/48 | €750 | €750 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €153,846 | €32,261 | -€121,585 | -79.0% |
| Operating income | 70/76A | €40,680,568 | €42,868,000 | +€2.2m | +5.4% |
| Turnover | 70 | €40,092,213 | €41,168,092 | +€1.1m | +2.7% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | €44,857 | €759,663 | +€714,806 | +1593.5% |
| Own construction capitalised | 72 | €93,247 | €31,325 | -€61,922 | -66.4% |
| Other operating income | 74 | €422,065 | €899,370 | +€477,305 | +113.1% |
| Non-recurring operating income | 76A | €28,186 | €9,550 | -€18,636 | -66.1% |
| Operating charges | 60/66A | €34,032,354 | €40,337,568 | +€6.3m | +18.5% |
| Goods for resale, raw materials and consumables | 60 | €15,171,227 | €17,079,364 | +€1.9m | +12.6% |
| Purchases | 600/8 | €15,862,512 | €20,581,475 | +€4.7m | +29.7% |
| Change in stocks: decrease (increase) | 609 | -€691,285 | -€3,502,111 | -€2.8m | -406.6% |
| Services and other goods | 61 | €11,089,626 | €12,940,679 | +€1.9m | +16.7% |
| Remuneration, social security and pensions | 62 | €5,991,693 | €7,766,108 | +€1.8m | +29.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,337,490 | €1,411,241 | +€73,751 | +5.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€6,325 | €78,111 | +€84,435 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €300,000 | -€40,000 | -€340,000 | |
| Other operating charges | 640/8 | €84,330 | €89,972 | +€5,643 | +6.7% |
| Non-recurring operating charges | 66A | €64,313 | €1,012,093 | +€947,780 | +1473.7% |
| Operating profit (loss) | 9901 | €6,648,214 | €2,530,432 | -€4.1m | -61.9% |
| Financial income | 75/76B | €561,808 | €226,669 | -€335,139 | -59.7% |
| Recurring financial income | 75 | €561,808 | €226,669 | -€335,139 | -59.7% |
| Income from current assets | 751 | €109,621 | €16,299 | -€93,322 | -85.1% |
| Other financial income | 752/9 | €452,186 | €210,370 | -€241,816 | -53.5% |
| Financial charges | 65/66B | €292,511 | €809,832 | +€517,320 | +176.9% |
| Recurring financial charges | 65 | €292,511 | €809,832 | +€517,320 | +176.9% |
| Debt charges | 650 | €96,089 | €72,520 | -€23,570 | -24.5% |
| Other financial charges | 652/9 | €196,422 | €737,312 | +€540,890 | +275.4% |
| Profit (loss) for the period before taxes | 9903 | €6,917,510 | €1,947,269 | -€5.0m | -71.9% |
| Income taxes | 67/77 | €921,549 | €2,708 | -€918,840 | -99.7% |
| Taxes | 670/3 | €922,402 | €2,708 | -€919,693 | -99.7% |
| Tax adjustments and reversals of tax provisions | 77 | €853 | €0 | -€853 | -100.0% |
| Profit (loss) for the period | 9904 | €5,995,961 | €1,944,561 | -€4.1m | -67.6% |
| Profit (loss) for the period to be appropriated | 9905 | €5,995,961 | €1,944,561 | -€4.1m | -67.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.